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clinton set during his second term. the head of california republican party raising taxes is still taboo and hopes house republicans hold their ground. >> student compromise is driving the economy down. and they need to work on government reform at all levels. >> time for the guys to reach a compromise here, if congress fails to reach an agreement soon, a tax hike and drastic spending hikes will take affect on january 1. leaders of both parties reaching out on capitol hill. we'll have that development in the second half hour. >> stocks suffered their worst one day loss of the year. the dow dropped and investors looking past the election and focusing on big problems ahead in europe and potentially in washington. cory johnson will join with us a parkt recap in about 10 minutes.. >> now, to the elections over. has outlook changed in silicon valley? >> abc 7 news david louie checks on the pulse of the local economy. >> happening now, i'm david louie. the electric was yesterday, but today a kind of referendum held on wall street. investors selling off in such a way it could impact everything
.com/abc 7 news and via twitter. >> california fair political practices commission accusing a group of campaign money laundering after a source of funding today. the state supreme court issued a ruling to disclose who is behind $11 million contribution to support prop 32. turns out the money came from two monday profits active in republican campaigns. the groups are not required to release their donor list. the state could fine the pack or pursue criminal charges.. >> now, gorgeous out there. it's one of the hottest days on record in november. >> it's spectacular. now, spencer christian with records we've broken today. >> we've broken several records today. there may be more. these are just high, new records so far today. oakland 83 degrees is the record for the date. sfo, 78 degrees and moffett field 83. 95 degrees today, shattering old records of 86 for this date. we're waiting for a final count on election day. there may be other records coming in later this afternoon. tomorrow, election day planner looks like this. the start of the day, sun rise, 6:41 warnlest conditions on the
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